Explained: How To Use BetMGM Bonus Bets in 2024

Our data scientists break down how to properly value these $158 in bonus bets from BetMGM, who have a great promotion available for new customers right now. This 'bet and get' type promotion was a long-term staple at BetMGM but was put on ice by the self-proclaimed "King of Sportsbooks" almost 12 months ago now. Based on this, we encourage everyone to pounce on this offer while it's still available.

Choosing the right sports betting site and promo offers is critical to building your bankroll..

BetMGM Promo Code: Bet $5, Get $158

For most, this bet $5, get $158 promo is easily the best option out there. As Dimers revealed exclusively last Monday, this promotion allows you to claim $158 in bonus bets after joining here, depositing at least $10, and placing a $5 bet. Just note you can’t use your first $5 wager on any odds boost, parlay boost or use bet insurance tokens, or you risk losing the bonus offer. 

BetMGM isn't just a gambling app; it's a powerhouse in the world of online sports betting and casino gaming. With its user-friendly interface, robust selection of betting options, and secure payment methods, BetMGM offers a uniquely immersive experience that raises the stakes in the betting industry.

What is the True Value of $158 in Bonus Bets from BetMGM?

Typically our data science team values a bonus bet at 80% of its face value (assuming you bet them on underdogs), so the bet $5, get $158 is really worth about $126.

"When using bonus bets I try to secure an 80% long-term return on the value of the bonus, so for a $158 bonus, long term, I would be wanting to get $126 or so back. The way to do this is to place the bets at high odds - preferably on bets that have edges - I'm looking to find bets at around the +800 mark," said Dimers Sports Betting Expert, Dr Darryl Woodford.

Whether you're a beginner embarking on your betting journey or an experienced bettor looking to expand your options, BetMGM offers a sophisticated and user-friendly experience, promising something for everyone.

BetMGM has crafted its sports betting deposit and withdrawal methods with a focus on user convenience and security, ensuring a seamless process for funding and cashing out of your account. The platform provides a variety of options, including credit cards, e-wallets, and bank transfers, to cater to different preferences and facilitate quick, hassle-free transactions.

How to use $158 in Bonus Bets from BetMGM in Divisional Round of the NFL Playoffs 2024

Here's how we recommend betting those bonuses, but first you need a BetMGM account, so sign up here.

Bet your first $50 bonus bet on Packers ML +370 - We have the Packers as a 23% chance to win against the 49ers, and they're the highest odds bet where we have an edge - with bonus bets where you don't get the stake back you're best using a higher odds bet.

Bet your second $50 bonus bet on Mecole Hardman to score a TD at +800 - This one is a bit of a shot to nothing at high odds, but Hardman is a 21.4% chance to reach the endzone, and we have identified a 10.3% edge too.

Bet your $58 bonus bet on CJ Stroud to score a TD at +1000 - Stroud is a 9.2% edge with a 19% probability, and at +1000 is a decent use of bonus funds.

More about Dimers.com

Is Dimers a sportsbook? Am I betting with you?

No. There’s no bet slip on our site because we don’t take any bets ourselves. We’re the friend who tells you where and how to get the best sign up offers and odds on the sports you want to throw some bets down on. That’s it!

When you click on one of our buttons or links, you’re whisked away to DraftKings, BetMGM, FanDuel, or one of the many other sportsbooks we work with. 

Once you get there, you can join up to score a welcome bonus (up to $200!), and then get that bet down for yourself, but you’re betting it with them, not us. Since you are never betting anything directly with us, we don’t have access to your personal information or sensitive financial info like credit card numbers.

It also means that despite our best efforts to confirm that a sports betting site still has that awesome sign up offer available, the best ones often disappear just as quickly as they appeared. We always take these offers down once we know they’re no longer available. We take our responsibility to provide up to date information very seriously.

Finally, Responsbile Gambling is extremely important to us, so please remember that sports betting should be seen as a form of entertainment - adding to your enjoyment when watching a game - not a side hustle or second income stream.

If Dimers doesn't take bets, then how do you make money?

Whenever you join a sportsbook mentioned across the website, or use one of our promo codes, we get a small commission for referring you. Don’t worry, it doesn’t affect you in any way at all. That’s a fee the sportsbook pays us as a thank-you for sending you their way.

We’re always happy to help our readers troubleshoot any problems. Start with our About Us or Contact Us and if that doesn’t work for you, then you can always send us an email at contact@dimers.com. We’ll do our best to help you figure it out.

TLDR:

• Dimers, and online sports betting, are not scams – sports betting has been legal since May 2018.
• We tell you where to find the best sign up offers, but you don’t bet with us.
• We do not collect sportsbook sign up or credit card information.
• We get a commission if you join a sportsbook through one of our buttons or links.
• We’re always happy to help you troubleshoot any issues. Just ask!

Keep in mind that gambling is all about having a fantastic experience! If you or someone you know is grappling with gambling issues, reach out to 1-800-GAMBLER for crisis counseling and support. Let the good times roll!